Retirement Planning Competition 2022

Fourth from left: Dr Sia with organisers, panel of judges and winners

Organised by the Centre for Entrepreneurial Sustainability (CENTS) and the Faculty of Accountancy and Management (FAM) in collaboration with UTAR’s MoU partner Private Pension Administrator Malaysia (PPA), the final round of the Retirement Planning Competition 2022 took place on 5 December 2022. A total of five teams were present to pitch their ideas.

Present at the competition were CEO of PPA Hussaini Hussin, FAM Dean Dr Sia Bee Chuan and the panel of judges, namely Principal Asset Management Berhad Retirement Service Head Shirley Foo Yark Ley, Adjunct Prof of Taylor’s University and Manager of AKPK Dr Desmond Chong, Non-Independent Non-Executive Director of Silverlake Axis Ltd Chee Hin Kooi, Corporate Engagement and Management Manager of PPA Samantha Loh and CENTS Chairperson Dr Falahat Nejadmahani.

The competition aimed to instil and develop financial literacy and interest in investment among participants. It also aimed to bring awareness of the importance of financial planning as well as the understanding of the different stages of life cycle, unit trust performance measures and future retirement planning to the participants.

Dr Sia congratulating the finalists

Hussaini explaining the importance of retirement planning

The competition was supported and sponsored by Private Retirement Scheme Provider— Principal Asset Management Bhd. The prizes were given in the form of PRS units. The Champion team walked away with RM500 PRS unit (each member) while the first and the second runner-up teams walked away with RM300 and RM200 PRS units (each member) respectively. The two finalists team took home RM100 PRS units each. The total prizes were RM6,000 worth of PRS units.

The panel of judges

The Champion team

First runner-up team

Second runner-up team